Diogenes Business Incubator UCYin the business of Start‐up supportStavriana A. KofterosCEO
Αποστολή ∆ιογένη How to Business Management Advisory Business Planning Mentoring Marketing / Sales Support Networking Να υποστηρίξει τη Funding Access, Funds Sourcing δημιουργία καινοτόμων Ad hoc Technical Support νέων εταιρειών (startups) Accommodation [Furnished Office, lab leasing, access to broadband internet, telephone, office equipment, meeting rooms facilities…] Back Office Support [Secretarial and Reception Services]Bus. Inc.: Συνδυασμός Εργαλείων Legal, Accounting / Taxationυποστήριξης νέων επιχειρήσεων: expertiseυπηρεσιών, δικτύωσης και υποδομών Project Management
Make yourFuture!Ο καλύτεροςτρόπος για ναπροβλέψεις τομέλλον είναι νατο δημιουργήσεις
Η Ανεξαρτησία Σου. Cyprus Entrepreneurship Ecosystem. Welcome.
Realities «είσαι μικρός/η» «η Κύπρος είναι μικρή» «αυτά δε γίνονται στη Κύπρο» «η σίγουρη δουλειά στο ∆ημόσιο» χμμμ…∆ΕΝ ΥΠΑΡΧΟΥΝ €€€€ FUNDS… The Chicken and the Egg Issue
Raising Funds Same everywhere! SV: Just because there are VC funds doesn’t mean they will fund you! 8:10 do not get funded – Silicon Valley update VCs don’t really jump to invest in early stage…. Funder of Pandora.com got rejected by 300 investors… So? Tip: Face it. Deal with it. Get on with it. ACT on it.
Don’t fall in love with the technology. Fall in love with theStep 1-x customer.TALK.TO.THE.CUSTOMER.Write /Revise BP.Do Not Self - Fulfill your prophecies.Note: There is always competition.Build the product fast.Test it.Fail Fast. Rebuild/Retest.Get Traction. Lean Startup Methodology
Critical Success Factor: Make.Meaning.Ambitious Entrepreneurs ask: “What do we really want to do?” a world class product whatever it is have fun doing it get involved in a business area or segment that is at its “ground flour” and in its infancy MIT, EDP
Be the aspirin for the customer’s headache• Value proposition • Pitch • public speaking
Back to the Money issue Plan to build your company without any outside investment (Bootstrap). Then maybe you are ready to speak to potential investors Passion of CEO is the single differentiator between doing ok and doing well
Creative fundraising1. Apply for Crowdfunding (kickstarter)2. Get a Loan from FFFs3. Apply to Startup Chile!4. Use your Credit Cards5. Start Side ProjectsMoney shouldn’t be an objection when you’re starting a company. Becreative. Carlos Solorio, Founder of Arden Reed, a custommenswear company. http://under30ceo.com/5-creative-ways-raise-money-without-giving-equity/
Have a Start-up Summer 2012! ;-) www.diogenes-incubator.com http://www.facebook.com/DiogenesIncubatorUCY